Gambler

Gambler

Legal Advice Issued by Field Attorneys 20153601F In Legal Advice Issued by Field Attorneys, IRS has held that, where a poker tournament had an initial buy-in amount in order to participate, and also allowed players who lost all their initial buy-in chips to buy in a second, third, etc. time, multiple buy-ins were not “identical […]

Boneparte, TC Memo 2015-128 The Tax Court has ruled that a taxpayer was not a professional gambler even though he gambled regularly, did not maintain a permanent residence, and generally stayed in Atlantic City, New Jersey casino hotels. Background. Code Sec. 162(a) allows deductions for ordinary and necessary expenses paid or incurred during the tax year […]

Meet Paul Raymond

Mr. Raymond is a sought after speaker in tax controversy law by many attorney, accountant, and business groups and at the request of the Internal Revenue Service, has presented programs at the IRS Nationwide Tax Forum, attended by tax professionals throughout the United States.

Additionally, he continues to be an active member in the Section of Taxation, American Bar Association, where he was the Past Chair of the Employment Taxes Committee.

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Law Offices of Paul W. Raymond

Newport Beach Office

The information on this website is for general information purposes only. Nothing on this or associated pages, documents, comments, answers, emails, or other communications should be taken as Tax Advice or Legal Advice for any individual tax issue or situation.